pre-payment

Definitions

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Etymologies

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Examples

Concurrent with and conditioned upon the term loan pre-payment, the company's lenders modified the company's existing credit agreement to reduce the interest rate, revise certain financial and other covenants and extend the maturity date of the credit agreement until January 1, 2013.

'What's unusual in this case is that the pre-payment was made on a lease.'

It also includes a lower effective royalty rate associated with the fragrance brands that remain under license, including Juicy Couture and Lucky Brand fragrances, reduces the future minimum guaranteed royalties and requires a pre-payment of certain royalties.